Terms and Conditions
MIT must adhere to particular terms and conditions for federal awards that are made to MIT. Below is a list of terms and conditions to which an award may be subject, depending on the award type.
Assistance Awards (Grants and Cooperative Agreements)
- OMB Circular A-21 (Cost Principles)
- OMB Circular A-110 (Administrative Regulations) and Agency Implementations
- OMB Circular A-133 (PDF) (Audits)
- Government-wide standard terms and conditions for research grants and agency-specific implementations
Contracts
- OMB Circular A-21 (Cost Principles)
- Federal Acquisition Regulations (the FAR) and Agency Supplements
- OMB Circular A-133 (PDF) (Audits)
It is important to review the terms and conditions specified in the notice of award (NOA). If there are any questions regarding the terms and conditions, please contact your OSP representative.
- Sponsored Programs Basics
- Funding Opportunities
- Preparing and Submitting a Proposal
- Negotiating and Accepting an Award
- Setting Up An Award
- Managing Projects
- OMB Circulars and Cost Principles
- Managing Salary Costs
- Guidance for Charging Faculty Summer Salary to Sponsored Projects
- Terms and Conditions
- Reporting Requirements
- Return of Unexpended Funds to Foundations
- Prior Approvals
- Monthly Reconciliation and Review
- Cost Transfers
- Equipment Threshold
- Subawards
- Rebudgeting
- No-Cost Extensions
- Reporting and Closing Out an Award
- Sponsor Information
- Cost Sharing
- Industrial Collaborations and Agreements
- Information for Industrial Sponsors
- International Activities
- Subawards
- Underrecovery
